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Purpose

Features

Benefits

Points of Consideration

Provides insurance coverage for the life time of the insured until death, giving financial protection for the insured's dependents or beneficiaries.

Whole Life Coverage

Death and Total Permanent Disability (TPD) Coverage

Premium payable for whole life

Provides cash Value (participating, savings element)

No maturity date

End of 2nd year

Provides guaranteed and non-guaranteed benefis

Gives the dependents/beneficiaries assurance of the benefit in the event of death or TPD occurs at any point of time in insured's life

Growth in protection value. The insurer pays the benefit including any declared bonuses on insured's death or TPD.

A saving tool and provides cash value compared to banks interest in savings account, insurance policies provides higher potential returns.

Cash or market value of the policy is considered as an asset.

Premium are payable over the lifetime

Policyholder can opt for a limited payment period to pay up all the premium within shorter period.